TALLINN Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.
Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.
The Finnish maker of Angry Birds games cut its 2019 earnings outlook on Thursday due to lower-than-expected revenue from brand licensing and from older games, wiping a fifth off the value of Rovio Entertainment's share price.
STOCKHOLM/HELSINKI Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.
TALLINN Estonia's Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation's capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well.
Finnish central bank governor Olli Rehn said on Monday that the European Central Bank's Governing Council was determined to act if the medium-term inflation outlook continues to fall short of its target of below but close to 2%.
HELSINKI Finnish telecom network equipment maker Nokia posted a surprise jump in second-quarter profit on Thursday and stuck to its 2019 earnings outlook as demand for next-generation 5G equipment boosted results.